If You Received a Letter from National Institutes of Health Federal Credit Union Regarding a Data Incident, You May be Entitled to Compensation
A settlement has been reached in a class action lawsuit alleging that National Institutes of Health Federal Credit Union (“Defendant”) failed to protect certain personal identifying information that led to a Data Breach Incident on or about April 11, 2023. Defendant denies the allegations and any wrongdoing. The Court has not decided who is right.
Who’s Included?
The Settlement Class is defined as: Any person to whom NIHFCU provided notification that his or her personal information might have been compromised in the Data Security Incident alleged in the Complaint that occurred on or about April 11, 2023.
What Are the Settlement Terms?
To fully settle and release claims of the Settlement Class Members, Defendant has agreed to make up to $295,000.00 available for claims by the Settlement Class Members, as well as provide one (1) year of credit monitoring with one credit bureau. Each Settlement Class Member must submit a timely, valid, correct and verified Claim Form by the Claim Deadline, making all the required affirmations and representations.
What Does the Settlement Provide?
Any Settlement Class Member can submit a claim form seeking to enroll in additional credit monitoring for one year with one credit bureau, documented economic losses arising from the Data Security Incident, up to $2,750 per class member for documented “extraordinary expenses” (identity theft, etc.) incurred as a result of fraud, and $200 for documented “ordinary expenses” incurred mitigating against identity theft. Settlement Class Members claiming such losses will need to submit a claim and support their claims with documentary evidence. Settlement Class Members may also submit a claim form for lost time related to efforts spent responding to the Data Breach in an amount of $22.50 per hour up to 4 hours.
YOUR LEGAL RIGHTS AND OPTIONS IN THIS SETTLEMENT
| YOU MAY | DUE DATE | |
| SUBMIT A CLAIM FORM | If you are a member of the Settlement Class, you must submit a completed Claim Form to receive a payment. If the Court approves the Settlement and it becomes final and effective, and you remain in the Settlement Class, you will receive your payment by check. |
March 20, 2024 |
| EXCLUDE YOURSELF | You may request to be excluded from the Settlement and, if you do, you will receive no benefits from the Settlement. |
March 20, 2024 |
| OBJECT | Write to the Court if you do not like the Settlement. |
March 20, 2024 |
| GO TO THE HEARING | Ask to speak in court about the fairness of the Settlement |
April 4, 2024 |
| DO NOTHING | You will not receive a payment if you fail to timely submit a completed Claim Form, and you will give up your right to bring your own lawsuit against Defendants about the Claims in this case. |
N/A |
The Court in charge of this case still has to decide whether to approve the Settlement. If it does, and after any appeals are resolved, benefits will be distributed to those who submit qualifying Claim Forms. Please be patient.
Your legal rights are affected whether you act or do not act. These rights and options —and the deadlines to exercise them— are explained in the Notice.
The Court has scheduled a Final Approval Hearing on April 4, 2024 at 10:45 a.m. through Zoom or other video conferencing equipment.